Oil Could Be Serious Problem For India: Kevin Gardiner

Sep 06 2013

September 6: Kevin Gardiner, CIO Europe at Barclays Wealth & Investment Management, says the current geopolitical conditions are propping up commodities, especially oil. This could be worrisome for India with the oil rally probably also contributing to the rupee sell-off, he says. “However, with neither Syria nor Egypt being a large enough to destabilize the global market, Barclays has not had to rethink on global capital market or GDP growth,” he adds.